ITC's value unlocking of the Hotel business is a welcome move

Discussion in 'Latest Brokerage Stock Buy-Sell Reports' started by Vidhi Khanna, Aug 16, 2023.

  1. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

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    ITC's value unlocking of the Hotel business is a welcome move. There will be sharper re-rating if other FMCG & IT Services are also demerged. Net profit growth has turned the corner. Earnings CAGR likely to be ~12%. Valuation is inexpensive. Return ratios are 30%. Dividend yield is 3.5-4%

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